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Jul 28th, 2025
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Joined: Dec 2001
Posts: 3,971 Likes: 103
Sidelock
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OP
Sidelock
Joined: Dec 2001
Posts: 3,971 Likes: 103 |
Looks to me as though there's hope lead prices will continue dropping to a more reasonable level. Almost a 34% decline in two months. Still, with demand in China and India high I doubt it'll become cheap anytime soon. Here's a good site to keep up with the spot (cash) price of lead: http://www.kitcometals.com/charts/lead_historical_large.html [img]  [/img]
John McCain is my war hero.
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Joined: Feb 2003
Posts: 4,109 Likes: 78
Sidelock
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Sidelock
Joined: Feb 2003
Posts: 4,109 Likes: 78 |
Looks like some sanity is returning.
Thanks for the link, Joe. Very nice.
"The price of good shotgunnery is constant practice" - Fred Kimble
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Joined: Feb 2004
Posts: 13,883 Likes: 19
Sidelock
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Sidelock
Joined: Feb 2004
Posts: 13,883 Likes: 19 |
That's good news. Just for perspective, here's the 5 yr chart 
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Joined: Dec 2001
Posts: 3,971 Likes: 103
Sidelock
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Sidelock
Joined: Dec 2001
Posts: 3,971 Likes: 103 |
Even though we've had some price relief, available supplies remain at very low levels. At the beginning of 2003 stocks were 180,000 metric tonnes. They steadily declined to a low of 21,000 tonnes in September of 2007 and have now doubled to 44,000 tonnes. Though an improvement, current supplies are still only 25% of peak levels. [img]  [/img]
John McCain is my war hero.
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Joined: Feb 2003
Posts: 1,679 Likes: 24
Sidelock
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Sidelock
Joined: Feb 2003
Posts: 1,679 Likes: 24 |
You wonder if the spot price of the commodity will be reflected back into the price of shot anytime soon. Sometimes it never seems to happen; the high just becomes the support price for the next round of price increases whenever that happens.
[IMG]
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Joined: Feb 2004
Posts: 13,883 Likes: 19
Sidelock
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Sidelock
Joined: Feb 2004
Posts: 13,883 Likes: 19 |
The price increases in loaded ammo likely won't go back down. But raw shot may come down.
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Joined: Jan 2002
Posts: 44 Likes: 1
Sidelock
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Sidelock
Joined: Jan 2002
Posts: 44 Likes: 1 |
Let me see, if I remember my economics correctly we may experience "downward price inelasticity". That describes the loathing that suppliers feel for cutting prices that no longer reflect market conditons but were tough to raise.
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Joined: Dec 2001
Posts: 3,971 Likes: 103
Sidelock
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OP
Sidelock
Joined: Dec 2001
Posts: 3,971 Likes: 103 |
K W, I think you're right about "price inelasticity" and retailers' reluctantance to change prices frequently. I suspect, but do not know, that ammunition manufacturers have absorbed much of the sharp rise in lead prices without passing them all on to the consumer. Likewise, it is doubtful that lower lead prices will be fully reflected at the retail level. However, lead prices have been immediately reflected in the cost of bagged shot and will probably drop as quickly if lead continues to weaken. Of course jobbers of lead shot will want to hold prices fairly high while they work out of existing inventory.
John McCain is my war hero.
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Joined: Feb 2003
Posts: 4,109 Likes: 78
Sidelock
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Sidelock
Joined: Feb 2003
Posts: 4,109 Likes: 78 |
If they have any brains, they will have little stock of raw materials at these prices.
"The price of good shotgunnery is constant practice" - Fred Kimble
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Joined: Jan 2002
Posts: 6,523 Likes: 162
Sidelock
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Sidelock
Joined: Jan 2002
Posts: 6,523 Likes: 162 |
Has anyone notified Bass Pro of these price decreases? 
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